GBPUS$ Longer Term Outlook

Monthly has completed a ABC move lower we are currently in the first impulse on the weekly timeframe of a 3 wave move higher.

The monthly MACD still has not had a cross over and the momentum we have seen this month has ensured that the downside is back in focus.

Watching 1.3020 area the 50% retracement of weekly impulse higher.

The 4th may extend to 1.3210/40 area with most timeframes divergent. I am looking for a correction and all oscillators indicating the same.